- Strait of Hormuz Disruptions: The burden of oil price shocks on vulnerable economies0.89 MB
Disruptions in the Strait of Hormuz are sending shockwaves through the global energy system.
Vulnerable economies are on the front line: of 75 economies – least developed countries (LDCs) and small island developing states (SIDS) – 65 depend on imported oil.
For these countries, rising energy prices will translate into higher costs and difficult trade-offs between covering fuel bills and investing in essential public services. This will affect nearly 1-billion lives.
Report by the United Nations Conference on Trade & Development
EMAIL THIS ARTICLE SAVE THIS ARTICLE ARTICLE ENQUIRY FEEDBACK
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
